Cabinet approves India’s Membership in the International Vaccine Institute (IVI), South Korea

New Delhi: January 18,2017

The Union Cabinet
chaired by the Prime Minister Shri Narendra Modi has given its approval
to the proposal for India’s taking full membership of the International
Vaccine Institute (IVI) Governing Council. The move involves payment of
annual contribution of US $ 5,00,000 to the International Vaccine
Institute (IVI), Seoul, South Korea.

Background

International Vaccine Institute (IVI), Seoul, South Korea, established
in 1997 on the initiatives of the UNDP, is an international organization
devoted to developing and introducing new and improved vaccines to
protect the people, especially children, against deadly infectious
diseases. In the year 2007, with the approval of Cabinet, India joined
IVI. India is a long-term collaborator and stake-holder of IVI. In
December, 2012 the Board of Trustees (BOT) of IVI approved the formation
of its new governance structure. As per the new governance structure of
IVI, a member State has to contribute to the IVI by paying a portion of
its core budget. Since India is classified in Group-I, it has to pay an
annual contribution of US $ 50,000.

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